cbi-financing-the-decarbonisation-of-china-e2-80-99s-steel-sector_cn-d5e97713048b0ad8.pdf

This report by the Climate Bonds Initiative and Transition Asia examines the financing of decarbonisation in China's steel sector, focusing on the impact of transition finance pilots and market trends following the introduction of the Hebei Province Transition Finance Guidelines for the Iron and Steel Industry (2023-2024 Edition).

• China's steel industry is a dominant global force, producing over 50% of the world's steel, but it is also a major emitter, accounting for 15% of China's total national carbon emissions.
• The introduction of the Hebei Province Transition Finance Guidelines for the Iron and Steel Industry (2023-2024 Edition) in December 2023 has led to a rapid market response. By the end of 2024, transition loans for the steel industry in Hebei Province exceeded 20 billion RMB, and 12 steel-related labeled bonds were issued nationwide with a total scale of 3 billion USD (approximately 22.05 billion RMB).
• China has set specific targets to increase the proportion of steel produced via electric arc furnaces to 15% of total crude steel production by 2025 and to 20% by 2030, though current production stands at only 10%.

APA

Climate Bonds Initiative (n.d.). cbi-financing-the-decarbonisation-of-china-e2-80-99s-steel-sector_cn-d5e97713048b0ad8.pdf. https://www.climatebonds.net/files/documents/publications/CBI-Financing-the-Decarbonisation-of-China%E2%80%99s-Steel-Sector_CN.pdf

Chicago

Climate Bonds Initiative. cbi-financing-the-decarbonisation-of-china-e2-80-99s-steel-sector_cn-d5e97713048b0ad8.pdf. n.d. https://www.climatebonds.net/files/documents/publications/CBI-Financing-the-Decarbonisation-of-China%E2%80%99s-Steel-Sector_CN.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=cbi-financing-the-decarbonisation-of-china-e2-80-99s-steel-sector_cn-d5e97713048b0ad8.pdf |url=https://www.climatebonds.net/files/documents/publications/CBI-Financing-the-Decarbonisation-of-China%E2%80%99s-Steel-Sector_CN.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiativendcbifinancingthedecarbonisationofchinae28099ssteelsectorcnd5e97713048b0ad8pdf, author = {{Climate Bonds Initiative}}, title = {{cbi-financing-the-decarbonisation-of-china-e2-80-99s-steel-sector\_cn-d5e97713048b0ad8.pdf}}, institution = {Climate Bonds Initiative}, url = {https://www.climatebonds.net/files/documents/publications/CBI-Financing-the-Decarbonisation-of-China%E2%80%99s-Steel-Sector_CN.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }